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Eaton Vance plans to offer senior notes

Eaton Vance Corp. plans to make a public offering of 10-year senior notes.

The company will use the net proceeds from the offering to redeem its 6.50% unsecured senior notes due Oct. 2, 2017, and to pay accrued interest, fees and expenses associated with the redemption. The company had about $250 million of 2017 notes outstanding as of March 31.

If the net proceeds are insufficient for the redemption, the company will fund the remaining portion with cash on hand. The remaining net proceeds, if any, will be used for general corporate purposes.

Merrill Lynch Pierce Fenner & Smith Inc., Morgan Stanley & Co. LLC, Citigroup Global Market Inc. and Wells Fargo Securities LLC are the joint book-running managers for the offering.